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10-11-10 Council Agenda & Packet
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10-11-10 Council Agenda & Packet
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City Council - City Clerk
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5. Invest in targeted areas. Locate a real property investment in the <br />Economically Distressed Area. [one hundred (100) public benefit points] <br />b, "Super-size "project development actions. <br />Produce new construction or rehabilitation that exceeds either the number of <br />square feet or the amount of hard- dollar cost that is required to qualify under the <br />applicable provisions of sections 2 -77 through 2 -83 by one hundred (100) percent <br />or more. [Twe hundred ten (210) One hundred (100) public benefit points <br />awarded in cumulative increments based on the percentage by which the number <br />of square feet or the amount of hard - dollar cost that is required to qualify, as <br />follows: <br />TABLE INSET: <br />1. 100% to 199% <br />twenty -five (25) public benefit points <br />1200% to 299% <br />sixty eight (W twenty -five (25) additional public benefit points <br />3. 300% to 399 % <br />sixty � ° (tic) twenty -five (25 ) additional public benefit points <br />4. 400% and aver <br />fifty two (52) twenty-five (25) additional public benefit points <br />c. Construction related actions. The applicant will: <br />1. Employ local companies. Employ local companies for at least <br />seventy -five (75) percent of the cost of construction work associated with <br />the project, except for the cost of any construction work that is not <br />reasonably available from a local company [twenty (20) twenty-five (25) <br />public benefit points]. <br />2. Pur^ mate -rials fr-ern-- Walcem sie ,-- PHEehase from Weal <br />at least Seventy five (7"eir�_entt the fnater-ials used in <br />that : of ably available le f.em ., leea „ [twenty rem pubis ,, <br />L1tN4 1J 11VL SLWJ V11NV1� Wrli1F'il Vlv 11 Vtll W 1VVN1 VV11F�.lWFl� <br />benefit - poi1��J1: -Emp ay_ oca constructton rvor ers. Fi y�50 /n,L ep rcent <br />of construction workers on abated project reside in St. Joseph County <br />[twenty -five (25) public benefit points]. <br />W. <br />V <br />12 <br />
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